BIMCO: Anti-corruption Clause for Charter Parties
BIMCO has published an anti-corruption clause for charter parties. The new clause is intended to give owners and charterers a contractual basis for cooperative action to resist demands for illegal payments from port officials and others.
BIMCO advise that a set of accompanying explanatory notes are being prepared, setting out the background to the clause and explaining the thinking behind each of its six sub-clauses.